Summary - Funding Rounds

Founding Date

1999
Community First Bank and Trust is a subsidiary of Reliant Bank

Community First Bank and Trust Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.4m8.0m2.7m2.7m2.5m5.4m

Revenue growth, %

(8%)6%15%

Sales and marketing expense

357.0k250.0k124.0k190.0k212.0k189.0k

R&D expense

931.0k1.2m1.1m1.2m1.2m1.3m

Operating expense total

1.9m1.8m1.6m1.8m1.9m2.0m

Depreciation and amortization

137.0k137.0k137.0k137.0k

Interest expense

9.1m7.0m4.2m3.0m2.8m2.8m

Pre tax profit

(16.6m)3.0m1.7m2.4m4.7m6.3m

Income tax expense

(1.6m)769.0k538.0k(12.7m)2.3m

Net Income

(15.1m)3.0m1.7m2.4m17.4m4.0m

Community First Bank and Trust Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

76.7m94.9m49.0m38.3m19.4m

Accounts Receivable

361.7m297.1m265.7m251.3m260.2m1.1m

Inventories

315.5m

PP&E

9.3m8.8m10.2m11.8m11.7m11.4m

Total Assets

616.8m510.7m448.4m443.6m469.9m474.5m

Accounts Payable

423.4m

Dividends Payable

1.8m

Short-term debt

13.0m

Total Debt

23.0m23.0m13.0m

Total Liabilities

607.2m500.4m439.8m432.7m447.0m444.3m

Common Stock

28.6m28.6m28.6m28.6m31.0m

Preferred Stock

18.3m18.5m18.7m18.7m11.9m

Retained Earnings

(38.2m)(36.3m)(35.8m)(35.0m)(18.1m)(9.9m)

Total Equity

9.6m10.3m8.6m10.9m23.0m30.2m

Debt to Equity Ratio

2.7 x1 x0.4 x

Debt to Assets Ratio

0.1 x0 x0 x

Financial Leverage

64.4 x49.4 x52 x40.7 x20.5 x15.7 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

58.7m75.6m75.0m100.2m102.6m99.2m66.6m55.6m37.7m32.3m31.8m35.6m35.0m30.3m15.5m49.2m24.6m30.9m39.2m29.1m

Accounts Receivable

466.8m441.8m350.8m330.6m315.4m283.0m285.8m276.4m256.5m258.0m257.2m256.5m261.6m258.9m282.1m293.5m298.9m307.0m304.5m312.0m

PP&E

14.7m14.4m9.2m9.1m9.0m8.7m10.4m10.3m11.6m12.0m12.0m11.7m11.7m11.8m11.5m11.4m11.3m11.3m10.6m10.5m

Total Assets

641.4m636.2m583.8m573.7m560.2m501.3m467.5m450.5m451.1m452.1m437.0m453.9m455.8m460.7m466.8m477.0m475.1m477.6m479.6m476.7m

Dividends Payable

1.3m1.6m2.1m2.3m

Total Debt

23.0m23.0m23.0m23.0m23.0m23.0m23.0m23.0m13.0m13.0m13.0m

Total Liabilities

622.4m620.0m572.8m563.0m551.5m491.2m458.8m442.3m441.6m441.5m427.0m442.1m443.6m447.3m438.2m447.6m444.9m446.4m447.0m443.5m

Common Stock

28.6m28.6m28.6m28.6m28.6m28.6m28.6m28.6m28.6m28.6m28.6m28.6m28.6m28.6m35.2m43.0m43.0m43.1m43.2m43.2m

Preferred Stock

18.2m18.2m18.3m18.4m18.4m18.5m18.6m18.6m18.7m18.7m18.7m18.7m18.7m18.7m

Retained Earnings

(27.4m)(31.5m)(36.7m)(36.7m)(38.3m)(36.4m)(36.3m)(36.3m)(35.3m)(34.9m)(35.1m)(34.4m)(33.3m)(32.7m)(13.1m)(12.5m)(11.8m)(9.4m)(8.7m)(7.9m)

Total Equity

19.0m16.2m11.0m10.7m8.6m10.1m8.7m8.3m9.5m10.6m10.0m11.8m12.2m13.4m28.6m29.4m30.2m31.2m32.6m33.3m

Debt to Equity Ratio

2.8 x2.4 x2.2 x1.9 x1.7 x0.8 x0.8 x0.8 x0.4 x0.4 x0.4 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

33.7 x39.3 x53.1 x53.8 x64.8 x49.6 x53.9 x54.6 x47.5 x42.5 x43.7 x38.5 x37.4 x34.4 x16.3 x16.2 x15.7 x15.3 x14.7 x14.3 x

Community First Bank and Trust Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(15.1m)3.0m1.7m2.4m17.4m4.0m

Depreciation and Amortization

239.0k199.0k758.0k688.0k728.0k749.0k

Cash From Operating Activities

8.8m23.2m5.5m5.8m(276.0k)3.8m

Purchases of PP&E

(331.0k)(312.0k)(2.1m)(1.7m)(471.0k)(317.0k)

Cash From Investing Activities

47.9m14.5m10.1m(7.1m)(32.2m)(1.4m)

Long-term Borrowings

(7.0m)

Dividends Paid

(243.0k)(484.0k)(97.0k)

Cash From Financing Activities

(40.3m)(19.6m)(61.4m)(9.5m)13.6m3.1m

Net Change in Cash

16.4m18.1m(45.8m)(10.8m)(18.9m)5.5m

Interest Paid

8.4m5.8m3.5m2.3m7.3m2.7m

Income Taxes Paid

(882.0k)6.0k21.0k30.0k74.0k

Community First Bank and Trust Ratios

USDQ2, 2011

Financial Leverage

33.7 x